UK - FTSE has launched a new index, the FTSE techMARK mediscience, designed to reflect the performance of growth companies listed on the London Stock Exchange's new market, techMARK mediscience. FTSE techMARK mediscience will benchmark small and mid-caps from the healthcare industry, and will be reviewed quarterly. LSE's techMARK - a global market for tech firms - was launched in November 1999 and now comprises 246 companies, 12 of them from outside of the UK.
By Madhu Kalia
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter